European shares ending with gains for the trading day.

[forex4you]

European shares ending with gains for the trading day.

The major European indices are closing higher on the day. A snapshot of the provisional closes are showing:German DAX, +0.7%France's CAC, +0.25%UK's FTSE 100, +0.4%Spain's Ibex, +0.9%Italy's FTSE MIB +0.75%For the trading week, the major indices are down modestly lower with the exception of the UK FTSE 100 :German DAX, -0.4%France's CAC, -0.75%UK's FTSE 100 +0.3%Spain's Ibex, -0.75%Italy's FTSE MIB, -0.2%Relatively speaking, the European stock indices are faring better than the US counterparts. While indices like the S&P index and a NASDAQ index are nearer there year lows (the NASDAQ index traded to the lowest level since March 2021 this week), the German Dax is 13.3% off of its March lows.  France's CAC is 13.5% off of it's lows.  The UK FTSE 100 is 11.15% off it's year low and less than 2% from its high from 2022.  The lower EUR is a tailwind for European companies as are the expectations the ECB will keep rates lower longer due to the e war.

Source: European shares ending with gains for the trading day.

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